Xbox One gets price cut ahead of E3 2016

Microsoft has dropped the price of its Xbox One by $50, a few days before E3 2016, where the company is expected to unveil an updated console. All models of the Xbox One now cost $50 less than previously, a move by Microsoft that many believe has been orchestrated to clear stock before the unveiling of new models during the annual E3 (Electronic Entertainment Expo) taking place from June 14-16 at the Los Angeles Convention Center.